Saxony's economic output shrinks above average

GDP fell by 0.4% in Kamenz, 28 March 2024. Saxon economic output fell by 0.4% in 2024. Thus, the gross domestic product (GDP) in the Free State has shrunk more than the German economy as a whole, which had "lost only 0.2%. This is evident from an analysis of the statistical office in Kamenz. Industry in particular is under pressure The reasons are likely to lie mainly in the general economic slump, which had covered all of Germany, but above all…